Sir; On the recommandation from Bank official applied for subject IPO and applied for it.Got allotment but find not as intimated by official.Please suggest whether retaing will fetch somethindg or you recommand to dispose at cost.If to retain ;for how long. Jasbir
There is a process of approching of SEBI and giving the details of allotment done in FPO and then only the shares will be admitted for trading. This is normal for all equity issue (mainline and SME). After allotment process is done, the company would approach the regulator with details of allotment in FPO and seek the listing. Then it could be traded on par with old shares.
This stock is available for Rs. 43 today. Buy it from open market instead of applying through ipo. because ipo you might not get allotment. Correct me if my understanding is wrong.
Ambition Mica. Initial IPO in 2015 @ 40/-. 1:1 Bonus in 2016 and 1:2 Bonus in 2017. So cost of Original Allottees is 13.33 per share against FPO price of 40 to 42. Issue appear aggressively priced.